Early Evening -- Brent Jumps Another $4 -- Absolutely Ludicrous -- Wednesday, March 2, 2022

Oil:

• Brent: up 7.58%; up $7.96; trading at $112.90; Later, 7:40 p.m. CT: $116.40. Now, 7:57 p.m. CT: $116.90.
• WTI: up 1.56%; up $1.72; trading at $110.90. Later, 7:35 p.m. CT: $113.10. Now, 7:59 p.m. CT: $113.50. Later, 8;46 p.m. CT: someone has a screen shot of WTI at $114.58.
  

So many story lines:

The price of oil is not the price of the first bbls being sold, but the price of the last barrel.

Amazon: shutting down brick-and-mortar; link here.

• shutting down all its Amazon Books physical bookstores, as well as its Amazon 4-star and Amazon Pop Up shops, which sold a variety of electronics and other hot items.

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EOR - NG

Updates

July 7, 2022: approved. The Buddy Domindgo pad in Williams County.

Original Pad

CCS / Harold Hamm / Summit Carbon Solutions: The Williston Herald.

• CLR: $250 million buy-in over two years;
• help fund a project with Summit Carbon Solutions
• gather CO2 from ethanol plants in Midwest (Iowa, Nebraska, ND, SD)
• pipeline CO2 to ND for permanent storage
• comments: 
• if they were to do something with the CO2 (like EOR) it might make sense;
• to simply store it isvirtue signaling when China is building a new coal plant every week, or whatever they're doing
• and, of course, the pipeline is already being "fought" in Iowa